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Bank of America Military Bank

Overview of the Bank of America Military Bank

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Bank of America Military Bank offers services to a wide variety of government employees. The program offers some special incentives to those who qualify. Bank of America Military Bank is a part of the Association of Military Banks of America (AMBA).

Bank of America Military Bank Eligibility

Although it’s called the Bank of America Military Bank, you don’t necessarily have to be a member of the armed forces to join. While current and former military personnel are welcome, the bank also offers services to:

  • On-base civilians
  • Retired government workers
  • National Guard
  • Reserves
  • Foreign US-sponsored military
  • Immediate family members of any of the above

Bank of America Military Bank Features

The Bank of America Military Bank offers standard banking features with a variety of bells and whistles. Customers get free unlimited online bill pay, and a choice of checking accounts depending on their anticipated average balance.

Bank of America Military Bank Bonuses

There are a few interesting bonuses at the Bank of America Military Bank. Customers who use debit cards in signature-based transactions (meaning you treat it as a credit transaction) can earn 10 to 15 cents per transaction. This helps the Bank of America Military Bank earn revenue from retailers in the ballpark of 2% or so per transaction. To take advantage of that bonus, you have to make sure you don’t use your PIN when making purchases.

The basic package, called Bank of America Military Bank Liberty Banking, offers a $50 bonus for opening an account and regularly funding it with direct deposit for 6 months. Other Bank of America Military Bank account packages offer $100.

Bank of America Military Bank Online

Customers also have access to Bank of America Military Bank Online for easy banking – whether they’re out in the field or banking from home.

Bricks and Mortar?

You bet. Bank of America Military Bank customers can use Bank of America banking centers anywhere in the country.

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